XAG/USD BEARISH REJECTION FROM 65 SUPPLY TARGETS 60_56

#XAG/USD#

Market Structure:
Silver has rallied strongly from the 56.8–57.0 demand zone and broke above the previous 60.0–60.8 resistance area. However, price has now reached a major 65.0–66.2 supply zone, where multiple rejections are visible.

🔴 Bearish Scenario
Current price: ~63.78
Major resistance: 65.00–66.20
Immediate support: 63.00–63.80
Key support / retest zone: 60.00–60.80
Major downside target: 56.88

The recent rejection from the 65–66 supply zone suggests that bullish momentum is weakening. A sustained break below 63.0 would increase the probability of a deeper retracement.

The preferred bearish path is:

63.0 breakdown → 60.0–60.8 retest → continuation toward 56.88

The 60.0–60.8 zone is particularly important because it represents the previous breakout area. If this zone fails to hold as support, the broader corrective move toward 56.88 becomes more likely.

⚠️ Invalidation

A strong 4H close back above 65.0, followed by a breakout of 66.20, would invalidate the immediate bearish setup and indicate renewed bullish continuation.

Bias: 🔴 Bearish below 65.00–66.20
Targets: 60.00–60.80 → 56.88
Confirmation: 4H close below 63.00